Adani Green Energy Withdraws $1 Billion Sri Lanka Power Projects
Adani Green Energy has withdrawn from a one billion dollar deal to build power projects in Sri Lanka. As we reported, the company admitted it faced strong public protests and political pressure and decided to step back.
Local and activist opposition to the projects was widespread based on concerns about environmental damage and unfavorable terms.
Sri Lanka’s government had previously approved the deal, but the backlash required a reconsideration.
The move represents a setback for Adani’s ambitions to expand in South Asia. The ruling also leaves Sri Lanka looking for new means of meeting its energy needs.
The scenario highlights the struggle to balance development against public interest.
Meta Launches Instagram Teen Accounts in India: A Step Towards Safer Social Media for Teens
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Meta (Instagram) teen accounts in India: Aims to make social media safer for youngsters* The change is aimed at giving teens greater privacy and control over their online experience.
The changes, including default private accounts for teens younger than 16, limits on unwanted interactions and tools to manage screen time, were part of a broader overhaul of the platform.
Supervision tools are also there so parents can get involved. The idea behind this is to provide a more secure platform for teens to communicate and share without having to worry about any risks.
It is Meta’s latest effort to address concerns about the safety of young users on social media.
OYO Investment $10 Million in G6 Hospitality’s Digital Expansion
OYO invests $10 million in G6 Hospitality to bolster digital growth The move is meant to assist the G6, owner of the Motel 6 brands, in modernizing its technology and enhancing customer experiences.
This investment reflects OYO’s faith in G6’s capability and its own dedication to increasing its international footprint.
The partners will work on improving its digital tools and services, making guests’ stays easier and more enjoyable. The deal is a long-awaited evolution in hospitality technology that both parties would bunny hop to the bank, but it’s a big freaking deal regardless.
Shein relaunch in India: Reliance Revives the Brand After 5 Years
On the back of a partnership with Reliance Retail shein is set to return to India after a five year hiatus. The Chinese apparel giant was banned from sale in India in 2020 but is returning via Reliance’s platform.
That move will return Shein’s trendy and inexpensive clothing to shoppers in India. Shein will use Reliance’s extensive retail operations to access more customers nationwide.
The relaunch represents significant progress for both companies, merging Shein’s international reach with Reliance’s domestic market knowledge. Fashionistas in India, however, should rejoice; Shein is back!
Nirmala Sitharaman Introduces New Income Tax Bill 2025: Key Changes and Impact
The new Income Tax Bill 2025 was presented by Finance Minister Nirmala Sitharaman, bidding farewell to many existing old practices.
The clean-up bill is designed to streamline tax rules and be more taxpayer-friendly. It lowers tax rates for middle-income groups and provides new benefits for small businesses.
The changes are also aimed at reducing tax evasion and increasing transparency. Millions hope that will relieve their financial squeeze, while economists say it may give growth a lift. The measure is now being debated, and its eventual effectiveness will depend on how it is carried out.
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